| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11K | — | — |
| Cost of Revenue | $39K | — | — |
| Gross Profit | -$28K | — | — |
| SG&A Expense | $2.1M | +80.6% | +121.9% |
| Operating Income | -$3.5M | -199.9% | -145.0% |
| Net Income | -$3.5M | -209.1% | -164.6% |
| EPS (Basic) | -$0.02 | -100.0% |
| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Cash & Equivalents | $1.7M | -55.0% | -78.6% |
| Accounts Receivable | $7K | — | — |
| Current Assets | $2.1M | -46.7% | -74.3% |
| Total Assets | $3.0M | -46.8% | -64.0% |
| Current Liabilities | $393K | — | — |
| Total Liabilities | $1.0M |
| Line Item | 2026-04-30 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$4.6M | — | — |
| Capital Expenditures | $231K | — | — |
| Investing Cash Flow | -$1.2M | — | — |
| Financing Cash Flow | $9.7M | — | — |
| Free Cash Flow | -$4.8M | — | — |
Business Overview
SafeSpace Global Corporation is a multimodal AI technology solutions company focused on driving safety innovation across multiple industries, currently marketing AI monitoring tools to enhance resident safety and reduce injuries. During the nine months ended April 30, 2026, the company recorded minimal revenue of $11,258 against significant operating losses of $6.2 million, reflecting the early stage of product commercialization. The company entered into a new 75-month operating lease for office space in Nashville, Tennessee in February 2026, indicating a strategic operational expansion.
Segment Performance
The company operates as a single reportable segment. For the nine months ended April 30, 2026 compared to 2025: revenue increased from $0 to $11,258; gross margin declined from $0 to negative $28,013; operating expenses increased from $3.3 million to $6.3 million, including an impairment charge of $1.2 million for intangibles; and net loss increased from $3.3 million to $6.2 million. For the three months ended April 30, 2026 compared to 2025: revenue of $11,258 versus $0, operating loss of $3.5 million versus $1.4 million, and net loss of $3.5 million versus $1.3 million.
Forward Guidance
The company states: "We intend to finance our future development activities and our working capital needs from the sale of private and public equity securities with possible additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations are sufficient to fund working capital requirements." The company also notes: "Although the Company believes in the viability of management s strategy to generate sufficient revenue, control costs and the ability to raise additional capital, there can be no assurances to that effect." Additionally: "The Company expects that its cash and cash equivalents of $1.7 million as of April 30, 2026 will not be sufficient to fund its operating expenses and capital expenditures for the 12 months from the issuance of these financial statements."
| -100.0% |
| EPS (Diluted) | -$0.02 | -100.0% | -100.0% |
| +225.9% |
| +308.6% |
| Stockholders' Equity | $2.0M | -63.2% | -75.8% |
Key Risk Factors
The company faces substantial doubt regarding its ability to continue as a going concern due to recurring net losses, accumulated deficit of $27.2 million, and negative operating cash flows of $4.6 million for the nine months ended April 30, 2026. Insufficient capital resources pose a critical risk, with cash reserves of only $1.7 million expected to be inadequate to fund operations for the next 12 months. Additional risks include dependence on securing adequate capital through equity or debt financing, competitive pressure from other companies, regulatory changes, and concentration of credit risk with uninsured cash deposits exceeding FDIC protection by approximately $1.49 million.